Compare Time Deposit Accounts in Portugal

Updated on 20 October 2019

11 offers from 6 banks
Interest Rates: 0.00 - 1.64 % p.a.
Deposit Terms: 3 - 60 months
 Banco BNI
Austria
Rating
 (4.3)
Currency
EUR
Interest Rate (p.a.)
0.20 - 1.25 %
Deposit Term
3 - 60 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.20 %
Max. Interest Rate (p.a.)
1.25 %
Min. Deposit Term
3 months
Max. Deposit Term
60 months
Time Deposit Account Provider
 (4.3)

Banco BNI provides a range of selected retail and corporate banking products and services to individuals in Portugal, to expatriates in Angola and companies.

 Banco BNI
Germany
Rating
 (4.3)
Currency
EUR
Interest Rate (p.a.)
0.20 - 1.25 %
Deposit Term
3 - 60 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.20 %
Max. Interest Rate (p.a.)
1.25 %
Min. Deposit Term
3 months
Max. Deposit Term
60 months
Time Deposit Account Provider
 (4.3)

Banco BNI provides a range of selected retail and corporate banking products and services to individuals in Portugal, to expatriates in Angola and companies.

Rating
n/a
Currency
EUR
Interest Rate (p.a.)
0.76 - 1.25 %
Deposit Term
6 - 36 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.76 %
Max. Interest Rate (p.a.)
1.25 %
Min. Deposit Term
6 months
Max. Deposit Term
36 months
Time Deposit Account Provider

Banco Português de Gestão (BPG) was established in 2000 and operates as a universal bank, providing a broad range of products and services in retail, private, corporate and investment banking. Banco Português de Gestão is focused on providing its solutions to social economy sector (for instance, private charities and other not-for-profit organisations in the areas such as healthcare, education, childhood, seniors, special needs, social and professional insertion).

Rating
 (4.8)
Currency
EUR
Interest Rate (p.a.)
0.10 - 1.30 %
Deposit Term
6 - 60 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.10 %
Max. Interest Rate (p.a.)
1.30 %
Min. Deposit Term
6 months
Max. Deposit Term
60 months
Time Deposit Account Provider
 (4.8)

Group ATLANTICO started its operations in 2006 in Luanda (Angola) with the strategic goal to become a innovative financial institution. Now ATLANTICO presents in all provinces of Angola providing financial services to individuals, companies and public sector organizations. In 2009 ATLANTICO started its international expansion and Banco Privado Atlântico - Europa was founded in Portugal. The bank offers a broad range of retail and corporate banking products and services.

Rating
n/a
Currency
EUR
Interest Rate (p.a.)
0.76 - 1.25 %
Deposit Term
6 - 36 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.76 %
Max. Interest Rate (p.a.)
1.25 %
Min. Deposit Term
6 months
Max. Deposit Term
36 months
Time Deposit Account Provider

Banco Português de Gestão (BPG) was established in 2000 and operates as a universal bank, providing a broad range of products and services in retail, private, corporate and investment banking. Banco Português de Gestão is focused on providing its solutions to social economy sector (for instance, private charities and other not-for-profit organisations in the areas such as healthcare, education, childhood, seniors, special needs, social and professional insertion).

 BiG
Germany
Rating
 (3.0)
Currency
EUR
Interest Rate (p.a.)
0.40 %
Deposit Term
6 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.40 %
Max. Interest Rate (p.a.)
0.40 %
Min. Deposit Term
6 months
Max. Deposit Term
6 months
Time Deposit Account Provider
 (3.0)

Established in 1998, Banco de Investimento Global (BIG) is a privately-held, specialized financial institution. Banco de Investimento Global operates as a universal bank, providing a wide range of retail banking, asset management, corporate and investment banking products and services via various distribution channles.

Rating
 (4.8)
Currency
EUR
Interest Rate (p.a.)
0.10 - 1.30 %
Deposit Term
6 - 60 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.10 %
Max. Interest Rate (p.a.)
1.30 %
Min. Deposit Term
6 months
Max. Deposit Term
60 months
Time Deposit Account Provider
 (4.8)

Group ATLANTICO started its operations in 2006 in Luanda (Angola) with the strategic goal to become a innovative financial institution. Now ATLANTICO presents in all provinces of Angola providing financial services to individuals, companies and public sector organizations. In 2009 ATLANTICO started its international expansion and Banco Privado Atlântico - Europa was founded in Portugal. The bank offers a broad range of retail and corporate banking products and services.

Rating
 (4.8)
Currency
EUR
Interest Rate (p.a.)
0.10 - 1.64 %
Deposit Term
6 - 60 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.10 %
Max. Interest Rate (p.a.)
1.64 %
Min. Deposit Term
6 months
Max. Deposit Term
60 months
Time Deposit Account Provider
 (4.8)

Group ATLANTICO started its operations in 2006 in Luanda (Angola) with the strategic goal to become a innovative financial institution. Now ATLANTICO presents in all provinces of Angola providing financial services to individuals, companies and public sector organizations. In 2009 ATLANTICO started its international expansion and Banco Privado Atlântico - Europa was founded in Portugal. The bank offers a broad range of retail and corporate banking products and services.

 Haitong Bank
Austria
Rating
n/a
Currency
EUR
Interest Rate (p.a.)
1.10 - 1.20 %
Deposit Term
12 - 36 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
1.10 %
Max. Interest Rate (p.a.)
1.20 %
Min. Deposit Term
12 months
Max. Deposit Term
36 months
Time Deposit Account Provider

In December 2015 Novo Banco (Portugal), the successor of Banco Espirito Santo (BES), completed the sale of its investment banking division to Haitong Securities (China), the division was renamed to Haitong Bank. Haitong Bank specializes in providing investment banking products and services.

 Haitong Bank
Germany
Rating
n/a
Currency
EUR
Interest Rate (p.a.)
1.10 - 1.35 %
Deposit Term
12 - 36 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
1.10 %
Max. Interest Rate (p.a.)
1.35 %
Min. Deposit Term
12 months
Max. Deposit Term
36 months
Time Deposit Account Provider

In December 2015 Novo Banco (Portugal), the successor of Banco Espirito Santo (BES), completed the sale of its investment banking division to Haitong Securities (China), the division was renamed to Haitong Bank. Haitong Bank specializes in providing investment banking products and services.

 Novo Banco
Germany
Rating
 (3.7)
Currency
EUR
Interest Rate (p.a.)
0.00 %
Deposit Term
12 months
Time Deposit Account Details
Account Currency
EUR
Min. Interest Rate (p.a.)
0.00 %
Max. Interest Rate (p.a.)
0.00 %
Min. Deposit Term
12 months
Max. Deposit Term
12 months
Time Deposit Account Provider
 (3.7)

Novo Banco is a successor of Banco Espírito Santo (BES) establised in August 2014 by the Bank of Portugal as a bridge bank (or a "good bank") to rescue assets and liabilities of BES. The only owner of Novo Banco is a special bank Resolution Fund, the fund will continue to own the bank until the bank is sold to new owners. Novo Banco provides products and services in retail and investment banking, asset management and insurance.

Austria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

Spain: This product is offered to Spanish residents only. When clicking on the product link you will be redirected to the product page in Spanish.

Time deposits accounts are interest-bearing deposit acoounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

The table above shows essential details of selected time deposit products offered to retail customers by the banks in Portugal: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 3 month to 5 years (60 months). The interest rates are within the range 0.00 - 1.64 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Portugal.

Time deposit accounts made with credit institutions in Portugal are covered by deposit guarantee scheme up to 100,000 EUR per depositor.

In February 2019, average annual deposit interest rate in local currency (Euro) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.13 %.

Portugal's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to A1 (upper medium grade).

Other Banking Products in Portugal

See Also